Zobrazeno 1 - 10
of 95
pro vyhledávání: '"Efrem Castelnuovo"'
Autor:
Giovanni Caggiano, Efrem Castelnuovo
Publikováno v:
Journal of Applied Econometrics. 38:432-449
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::644c6e11364205307c29df87649d18d5
https://doi.org/10.1002/jae.2958
https://doi.org/10.1002/jae.2958
Publikováno v:
Aarhus University
Pellegrino, G, Castelnuovo, E & Caggiano, G 2023, ' Uncertainty and monetary policy during the great recession ', International Economic Review, vol. 64, no. 2, pp. 577-606 . https://doi.org/10.1111/iere.12607
Pellegrino, G, Castelnuovo, E & Caggiano, G 2023, ' Uncertainty and monetary policy during the great recession ', International Economic Review, vol. 64, no. 2, pp. 577-606 . https://doi.org/10.1111/iere.12607
We employ a nonlinear proxy-VAR approach to document the large response of real activity to a financial uncertainty shock during and in the aftermath of the Great Recession. We replicate this evidence with an estimated DSGE framework that we employ t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fc191a32b8bead39903816da13a93fee
https://doi.org/10.1111/iere.12607
https://doi.org/10.1111/iere.12607
Publikováno v:
Oxford Bulletin of Economics and Statistics. 85:95-122
We estimate government spending and tax multipliers in the United States via a flexible proxy-SVAR model, where identification is achieved by combining fiscal and non-fiscal instruments with additional parametric restrictions. We find that, while the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::729b2a81aec8c76a5fdbf06966fa8164
https://doi.org/10.1111/obes.12521
https://doi.org/10.1111/obes.12521
Autor:
Efrem Castelnuovo, Lorenzo Mori
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9aff00d5cfd2418f0b25e1aa66bd2014
https://doi.org/10.2139/ssrn.4266462
https://doi.org/10.2139/ssrn.4266462
Autor:
Efrem Castelnuovo
Publikováno v:
Journal of economic surveys.
This survey features three parts. The first one reviews the most recent literature on the relationship between domestic (i.e., country-specific) uncertainty and the business cycle, and offers ten main takeaways. The second part surveys contributions
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9a0c605d5fd3f647e753d12d8131df50
https://pubmed.ncbi.nlm.nih.gov/35942186
https://pubmed.ncbi.nlm.nih.gov/35942186
Autor:
Efrem Castelnuovo
Publikováno v:
Australian Economic Review. 52:323-335
How do short‐ and long‐term interest rates respond to a jump in financial uncertainty? We address this question by conducting a local projections analysis with US monthly data, period: 1962–2018. The state‐of‐the‐art financial uncertainty
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::46403ab3bec5bbc0a4658c1f57eb4613
https://doi.org/10.1111/1467-8462.12341
https://doi.org/10.1111/1467-8462.12341
Publikováno v:
Oxford Bulletin of Economics and Statistics. 82:125-155
We estimate a nonlinear VAR to quantify the impact of US economic policy uncertainty shocks on the Canadian unemployment rate in booms and busts. We find strong evidence in favour of asymmetric spillover effects. Unemployment in Canada is shown to re
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::69dd0260e0f258fd44b646af22eda4b6
https://doi.org/10.1111/obes.12323
https://doi.org/10.1111/obes.12323
Autor:
Guay Lim, Efrem Castelnuovo
Publikováno v:
Australian Economic Review. 52:78-93
This article discusses recent research on the macroeconomic effects of fiscal policy—the theme of the 2018 edition of the Melbourne Institute Macroeconomic Policy Meeting. We review recent research findings on the effects of fiscal multipliers in n
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d7eafca27fb02f0cfb636932dd6c16d5
https://doi.org/10.1111/1467-8462.12313
https://doi.org/10.1111/1467-8462.12313
Autor:
Giovanni Caggiano, Efrem Castelnuovo
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0bc859709193aef1592f474118314c20
https://doi.org/10.2139/ssrn.3784415
https://doi.org/10.2139/ssrn.3784415
Publikováno v:
Caggiano, G, Castelnuovo, E & Pellegrino, G 2021, ' Uncertainty shocks and the great recession : Nonlinearities matter ', Economics Letters, vol. 198, 109669 . https://doi.org/10.1016/j.econlet.2020.109669
We show that a nonlinear DSGE framework estimated on moments (impulse responses) specific to the great recession implies a peak response of the cyclical component of output to an uncertainty shock 50% larger than the one predicted by the very same mo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7059de6ae6e637d5f36a0077458979f6
http://hdl.handle.net/11577/3365531
http://hdl.handle.net/11577/3365531
